Legal Question in Consumer Law in Florida

I had a insurance claim ( sinkhole) my insurance co paid me a settlement. The first check I paid off my primary mortgage. The second check for 59,900 was sent to my equity loan to pay towards the principal leaving me a balance of 9,719. The equity loan company is saying they will not apply the big insurance check until I come up with the 9,719 to pay off the loan. I am still living in my home and I still have homeowners insurance. I feel that this is illegal am I right?

Tami cook


Asked on 11/17/09, 6:32 pm

1 Answer from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Theyu are refusing to accept a $59,900 payment on the mortgage? I doubt that is the case. Check your loan. Probably prepayment is permitted. If so, they must accept it. If not, then get your money back from them.

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Answered on 11/24/09, 8:17 am


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